Global electricity demand is set to grow 3.5% annually through 2030—adding the equivalent of two European Unions in the next half-decade. (IEA)
While natural gas is expanding to meet the load, the IEA predicts renewables and nuclear will combine to supply 50% of the world’s electricity by 2030 (up from 42% today).
Yes, but: With 2,500 GW of projects stuck in interconnection queues, the report says annual grid investment has to increase by 50% to avoid stalling the transition.